The Epoch Times Gas prices in the United States edged down in the recent week as stocks increased, demand decreased, and the Biden administration announced an “unprecedented” release of oil from the country’s strategic reserves.
The price of regular gas averaged $4.18 as of April 4, down 1.3 percent from a week ago when prices were averaging $4.24, according to data from American Automobile Association.
Total stocks of gasoline rose by 785,000 barrels to 238.8 million barrels for the week ending March 25 when compared to the previous week, according to data from the U.S. Energy Information Administration (EIA). During this time, gasoline demand nationwide declined from 8.63 million barrels per day (bpd) to 8.5 million bpd…
